DCF Tool

XRX

Xerox Holdings Corp – Computer Terminal and Other Computer Peripheral Equipment Manufacturing
Xerox Holdings Corporation makes every day work better. Xerox Holdings Corporation is a workplace technology company building and integrating software and hardware for enterprises large and small. As customers seek to manage information across digital and physical platforms, Xerox delivers a seamless, secure and sustainable experience. Whether inventing the copier, the Ethernet, the laser printer or more, Xerox has long defined the modern work experience.
Analysis Results
Intrinsic Value $0.00
Latest Price $19.24
Relative Value 4764628% overvalued
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Cash Flow (Billions)
Analysis Parameters
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Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of -70.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 5.4%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of -70.0%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2022 4.18e-05 3.97e-05
2023 1.26e-05 1.13e-05
2024 3.77e-06 3.22e-06
2025 1.13e-06 9.16e-07
2026 3.39e-07 2.61e-07
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 1.02e-05 billion. This corresponds to a present value of 7.43e-06 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 5.54e-05 billion. Adding in the terminal value gives a total present value of 6.28e-05 billion.

There are presently 156.0 million outstanding shares, so the intrinsic value per share is 0.0.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 4,701,000,000
Current Cash 1,840,000,000
Current Liabilities 2,829,000,000
Current Debt 652,000,000
Non-Cash Working Capital (NCWC) 684,000,000
Change in NCWC -392,000,000
EBIT 323,000,000
Tax Provision -17,000,000
Depreciation and Amortization 327,000,000
Capital Expenditure -68,000,000
Unlevered Free Cash Flow 190,000,000
Current Assets 5,783,000,000
Current Cash 2,625,000,000
Current Liabilities 2,478,000,000
Current Debt 396,000,000
Non-Cash Working Capital (NCWC) 1,076,000,000
Change in NCWC -2,022,000,000
EBIT 412,000,000
Tax Provision 64,000,000
Depreciation and Amortization 368,000,000
Capital Expenditure -74,000,000
Unlevered Free Cash Flow -1,419,000,000
Current Assets 8,222,000,000
Current Cash 2,740,000,000
Current Liabilities 3,435,000,000
Current Debt 1,051,000,000
Non-Cash Working Capital (NCWC) 3,098,000,000
Change in NCWC -372,000,000
EBIT 1,155,000,000
Tax Provision 179,000,000
Depreciation and Amortization 430,000,000
Capital Expenditure -65,000,000
Unlevered Free Cash Flow 898,909,638
Current Assets 6,844,000,000
Current Cash 1,084,000,000
Current Liabilities 3,251,000,000
Current Debt 961,000,000
Non-Cash Working Capital (NCWC) 3,470,000,000
Change in NCWC -331,000,000
EBIT 1,125,000,000
Tax Provision 257,000,000
Depreciation and Amortization 526,000,000
Capital Expenditure -90,000,000
Unlevered Free Cash Flow 771,798,732
Current Assets 7,553,000,000
Current Cash 1,293,000,000
Current Liabilities 2,741,000,000
Current Debt 282,000,000
Non-Cash Working Capital (NCWC) 3,801,000,000
Change in NCWC 3,969,000,000
EBIT 1,046,000,000
Tax Provision 481,000,000
Depreciation and Amortization 527,000,000
Capital Expenditure -105,000,000
Unlevered Free Cash Flow 4,702,509,489
Current Assets 9,390,000,000
Current Cash 2,223,000,000
Current Liabilities 8,346,000,000
Current Debt 1,011,000,000
Non-Cash Working Capital (NCWC) -168,000,000
Change in NCWC 131,000,000
EBIT 1,153,000,000
Tax Provision 62,000,000
Depreciation and Amortization 563,000,000
Capital Expenditure -138,000,000
Unlevered Free Cash Flow 1,605,246,734
Current Assets 9,261,000,000
Current Cash 1,368,000,000
Current Liabilities 9,177,000,000
Current Debt 985,000,000
Non-Cash Working Capital (NCWC) -299,000,000
Change in NCWC -1,650,000,000
EBIT 966,000,000
Tax Provision -23,000,000
Depreciation and Amortization 1,190,000,000
Capital Expenditure -342,000,000
Unlevered Free Cash Flow 164,000,000
Current Assets 11,593,000,000
Current Cash 1,411,000,000
Current Liabilities 10,258,000,000
Current Debt 1,427,000,000
Non-Cash Working Capital (NCWC) 1,351,000,000
Change in NCWC -3,744,000,000
EBIT 1,726,000,000
Tax Provision 259,000,000
Depreciation and Amortization 1,426,000,000
Capital Expenditure -452,000,000
Unlevered Free Cash Flow -1,371,257,686
Current Assets 11,428,000,000
Current Cash 1,764,000,000
Current Liabilities 5,686,000,000
Current Debt 1,117,000,000
Non-Cash Working Capital (NCWC) 5,095,000,000
Change in NCWC -389,000,000
EBIT 1,747,000,000
Tax Provision 276,000,000
Depreciation and Amortization 1,358,000,000
Capital Expenditure -427,000,000
Unlevered Free Cash Flow 1,963,428,089
Current Assets 11,598,000,000
Current Cash 1,246,000,000
Current Liabilities 5,910,000,000
Current Debt 1,042,000,000
Non-Cash Working Capital (NCWC) 5,484,000,000
Change in NCWC 4,779,000,000
EBIT 1,909,000,000
Tax Provision 277,000,000
Depreciation and Amortization 1,301,000,000
Capital Expenditure -513,000,000
Unlevered Free Cash Flow 7,123,471,333

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